The loan will be repaid through a series of bilateral loans.
Ukraine will receive a $50 billion loan from the frozen assets of the Russian central bank.
This is stated in a joint statement by the G7 countries.
It is noted that payments to Ukraine will begin before the end of this year.
“These loans will be serviced and repaid from future flows of emergency revenues received through the immobilization of Russian sovereign assets,” the statement said.
The loans will be repaid through a series of bilateral loans, starting on December 1 and running through the end of 2027, “in installments that will reflect Ukraine's urgent financing needs.”
“ The United States said it would provide $20 billion, another $20 billion loan would come from the EU, and the remaining $10 billion would be divided among Canada, the United Kingdom, and Japan,” the statement said.